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Bullboard - Stock Discussion Forum Kelso Technologies Inc T.KLS

Alternate Symbol(s):  KIQSF

Kelso Technologies Inc. is a Canada-based diverse product engineering company. The Company specializes in the development, production and distribution of service equipment used in transportation applications. The Company is a developer and supplier of rail tank car equipment used in the handling and containment of hazardous and non-hazardous commodities during transport. The Company offers... see more

TSX:KLS - Post Discussion

Kelso Technologies Inc > Wasted years and boatloads of wasted money
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Post by kidl2 on Mar 03, 2021 12:05pm

Wasted years and boatloads of wasted money

Kelso Technologies Inc.: Contract Termination

VANCOUVER, British Columbia and BONHAM, Texas, March 03, 2021 (GLOBE NEWSWIRE) -- Kelso Technologies Inc. (“Kelso” or the “Company”), (TSX: KLS), (NYSE American: KIQ) announces that the Company has terminated the Technology Development Agreement with the service provider, G & J Technologies Inc. and inventor/innovator Gebhard Wager which has served as the development agreement for the Company’s KXI Suspension.

James R. Bond, President and CEO of the Company states that; “As previously announced on January 28, 2021 the Company has, based on R&D results to date, moved from a “concept” light-duty host vehicle to a more robust heavy-duty host vehicle.  The heavy-duty platform represents a much larger and more accessible commercial market opportunity to pursue.  This change in strategic direction is expected to reduce R&D costs as the heavy-duty vehicles feature better transmissions, diesel options, payload capacity and tougher durability.  Going forward the Company will rely on the engineering group of KXI Industries Inc., a wholly owned subsidiary of the Company, that includes professional automotive engineers, software specialists and regulatory experts.  The engineering group is engaged to advance pre-production design specifications that Kelso would not economically achieve on the Company’s light-duty platform.  The Company’s objective is to ensure that the KXI Suspension provides complete compliance to all federal standards and regional regulations including warranty support from the Company and host vehicle OEMs.”
Comment by Shnapps on Nov 11, 2021 7:00pm
Hello , just checking in.  I see KLS and company are still busy shovelling loads and raiding the piggy bank.   I find it truley amazing how long a few can milk a cow.  Me , I wouldn't be able to sleep at night.
Comment by monte8 on Nov 17, 2021 12:48pm
The news out there today "Kelso Technologies Inc. Announces Two Key Development Partners for KIQ X Industries", this will take many, many years of design, development, testing and certification.  Again, raiding the piggy bank all the while share price going down.   Perhaps Kelso should have Vector Truck Designs and Kinetic Drive Solutions should put funds up front for the ...more  
Comment by btds on Nov 18, 2021 11:29pm
Kelso is always the firm putting up the money!! Nothing on Sedar about the financial details but I'm sure the firms could see a "sucker" so they signed on. Bond got his stamp of approval from the clueless BOD which sits back and takes their monthly fees using shareholders money. Kelso is trying to create a new market which should be done by a firm with very deep pockets and a long ...more  
Comment by JayBanks on Nov 19, 2021 3:30pm
I've said it before and I'll say it again, don't hold shares of this entity expecting anything, just use it as a short term trading vehicle... unfortunately, currently I don't have capital avalible to make a purchase on this opportunity, but I'm trying to free some up....
Comment by kidl2 on Nov 21, 2021 11:11am
JayBanks: I too have been saying this for a looong time and yet, there are clearly some people who refuse to acknowledge that this company exists purely for the benefit of insiders and a few traders. It’s the old story … For many people looking at paper losses is much easier on the eyes than actually booking these losses, taking whatever money they can recover and moving it into something which ...more  
Comment by diamondlessnono on Nov 18, 2021 10:27am
Time to buy? Look at all the free shares they got.